New York (HedgeCo.Net) – Steve Clark’s hedge fund, Omni Partners LLP, has been authorised by the Financial Conduct Authority (“FCA”) for a licence under the Alternative Investment Fund Managers Directive (“AIFMD”).
“It is Omni’s aim to be at the spearhead of alternative investment fund management best practice on a global basis. This licence is evidence of our commitment to providing the highest standards of integrity, ethics, and regulatory compliance to investors.” Omni’s CEO, Peter Coates, said.
The AIFMD has a number of aims including the enhancement of supervisory practices with a view to preventing instability within the European financial system, improving investor protection through the imposition of new depository standards, and enhancing transparency via new investor disclosure rules and mandatory reporting to competent authorities.
The granting of this licence allows Omni Partners to continue to offer wealth management and institutional clients access to its alternative investment funds as part of an EU-wide harmonised framework. Citibank International PLC has been appointed as independent depositary, complying with the requirements of the Directive.
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